Due to Covid-19 and regulatory approvals, the work of setting up an ARC may get pushed to the first quarter of FY23, says Yes Bank chief Prashant Kumar.
IDBI Bank is looking to sharply bring down its non-performing loans over the next one-year period while working on ramping up its credit growth.
Former comptroller and auditor general Vinod Rai has been granted approval by RBI as independent chairman of Unity Small Finance Bank.
HDFC Bank has reported an 18.1% year-on-year jump in its standalone net profit to Rs 10,342.20 crore for the third-quarter ended December.
Interest rates are finally inching up. Following the footsteps of HDFC Bank, India’s largest lender State Bank of India has raised deposit rates.
Eight NBFCs and one housing finance company have surrendered their certificates of registration to the RBI.
The board of Federal Bank has given its approval to publicly list FedFina; IPO will comprise fresh issue and offer for sale.
Rajendran, whose current three-year term was to end on Dec 8, will continue till March 2022.
ICICI Bank credit card customers will have to pay more on cash advances and for paying dues late; revised charges come into effect from February 10.
With RBI objecting to a ‘dual structure’, NARCL proposes a principal-agent relation. But this has flaws, writes Hargovind Sachdev.
State Bank of India will from February 1 add a new slab for the immediate payment service limit for money transfers. This is in the range between Rs 2 lakh to Rs 5 lakh, where the proposed service charges is Rs 20 plus GST.
RBI cancels Certificate of Authorisation of Muthoot Vehicle & Asset Finance, and Eko India Financial Services.
Asheesh Pandey moves in from the Union Bank of India where he served as CGM and COO.
RBI fixes ceiling for digital payments in offline mode at Rs 200 per transaction, subject to an overall limit of Rs 2,000.
It is curtains down on the ubiquitous LIBOR; banks transition to alternative reference rates.
